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INVESTOR ALERT Law Offices of Howard G. Smith Announces Investigation on Behalf of Namaste Technologies Inc. Investors (NXTTF)

Nachrichtenquelle: Business Wire (engl.)
15.10.2018, 19:47  |  514   |   |   

Law Offices of Howard G. Smith announces an investigation on behalf of Namaste Technologies Inc. (“Namaste” or the “Company”) (OTC: NXTTF) investors concerning the Company and its officers’ possible violations of federal securities laws.

On October 4, 2018, Citron Research published an article claiming that the Company had entered into an "undisclosed related party" transaction. The Citron report alleged, among other issues, that Namaste's Chief Executive Officer had falsely "promised investors a Nasdaq listing" and had falsely represented that Namaste had divested the Company of its U.S. assets in a sale to an "arm's length" purchaser, when the purchaser was in reality a Namaste executive. On this news, shares of Namaste fell $0.19 per share, or nearly 10.5% over the next two trading days, to close at $1.62 on October 5, 2018, thereby injuring investors.

If you purchased Namaste securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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